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Andranik
Andranik has been engaged in farming and agriculture for about ten years. He has a plot of land and a small farm where he has sixteen cows and nineteen chickens. All the products (meat, milk, and eggs) Andranik sells at the Kapan wholesale market to re-sellers.

Andranik lives in the small city Kapan with his wife and three school-aged sons. Andranik’s wife helps him in their farming activities very much. They do their best to have some more income and better living conditions for their family. They need a loan of 300.000 Armenian drams for the organization of hay gathering activities.

Additional Information

About “Nor Horizon”

“Nor Horizon” UCO LLC is committed to promoting poverty alleviation in Armenia by providing high-quality financial and other business development services to enterprising individuals in under-served rural and urban markets who have a strong will to establish and develop their own small-scale businesses. Originally created as the Armenian micro credit program of Oxfam (Great Britain) in late 1995, “Nor Horizon” LLC has been licensed under supervision of the Central Bank of Armenia since early 2006.

For more information about “Nor Horizon,” please visit the partner page or website.

To stay updated on loans from Armenia, please join the Armenia lending team at http://www.kiva.org/team/armenia.

Tags

About Armenia

  • $6,300
    Average annual income
  • 156
    View loans »
    Armenia Loans Fundraising
  • $13,802,050
    Funds lent in using Kiva
  • 417.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Andranik to help with the organization of hay gathering activities.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 15, 2013
Listed
Jun 19, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014